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US rail grain carloads rose 25% year over year in the week ended January 23, reaching 27,295 cars. Barge grain movements that week totaled 1,108,428 tons, up 21% from the prior week and up 93% from a year earlier.
Cumulative 2021 grain rail carloads were up 39% from the same period in 2020.
Strong early-year movement signals solid export logistics demand, which supports freight rates. The data is a routine indicator with limited direct price impact.
world-grain.comMatt NoltemeyerFeb 2, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
